JFrog Ltd. (FROG) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
↓
45.82
↓-39% vs avg
5yr avg: 75.09
30Y Low29.9·High126.0
P/B Ratio
↑
7.05
↑+39% vs avg
5yr avg: 5.08
30Y Low3.4·High8.2
ROE
↑
-8.6%
↓+18% vs avg
5yr avg: -10.5%
30Y Low-14%·High-4%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FROG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
JFrog Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 45.8x P/FCF, 39% below the 5-year average of 75.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.5B | $7.3B | $3.2B | $3.6B | $2.1B | $2.8B | $2.9B | — | — |
| Enterprise Value | $6.5B | $7.2B | $3.2B | $3.5B | $2.1B | $2.8B | $2.8B | — | — |
| P/E Ratio → | -86.79 | — | — | — | — | — | — | — | — |
| P/S Ratio | 12.26 | 13.65 | 7.53 | 10.22 | 7.56 | 13.62 | 19.37 | — | — |
| P/B Ratio | 7.05 | 8.18 | 4.17 | 5.27 | 3.39 | 4.41 | 5.27 | — | — |
| P/FCF | 45.82 | 51.02 | 29.93 | 49.55 | 126.03 | 118.91 | 112.62 | — | — |
| P/OCF | 44.74 | 49.80 | 29.08 | 48.22 | 98.80 | 100.89 | 99.15 | — | — |
P/E links to full P/E history page with 30-year chart
FROG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 13.54 | 7.46 | 10.08 | 7.54 | 13.52 | 18.28 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 50.61 | 29.65 | 48.87 | 125.74 | 118.02 | 106.28 | — | — |
FROG Profitability
Margins and return-on-capital ratios measuring operating efficiency
JFrog Ltd. earns an operating margin of -15.7%. Operating margins have expanded from -21.6% to -15.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -8.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.1% | 76.1% | 77.1% | 78.0% | 77.8% | 79.8% | 81.1% | 80.9% | 83.0% |
| Operating Margin | -15.7% | -15.7% | -21.3% | -21.6% | -32.1% | -33.1% | -9.4% | -6.6% | -41.1% |
| Net Profit Margin | -13.5% | -13.5% | -16.2% | -17.5% | -32.2% | -31.1% | -6.2% | -5.2% | -40.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.6% | -8.6% | -9.5% | -9.4% | -14.3% | -10.8% | -3.6% | — | — |
| ROA | -5.8% | -5.8% | -6.6% | -6.6% | -10.5% | -8.3% | -2.0% | -2.4% | -12.0% |
| ROIC | -8.0% | -8.0% | -9.9% | -9.1% | -10.9% | -10.2% | -6.7% | — | — |
| ROCE | -9.6% | -9.6% | -12.0% | -11.0% | -13.4% | -11.0% | -4.0% | -4.5% | -16.8% |
FROG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $77M exceeds total debt of $19M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.03 | 0.05 | 0.07 | 0.07 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.06 | -0.04 | -0.07 | -0.01 | -0.03 | -0.30 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.40 | -0.28 | -0.67 | -0.29 | -0.89 | -6.34 | -4.78 | -32.47 |
| Interest Coverage | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($77M) exceeds total debt ($19M)
FROG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
JFrog Ltd.'s current ratio of 2.09x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.46x to 2.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.09 | 2.09 | 2.04 | 2.46 | 2.54 | 2.85 | 5.32 | 2.31 | 3.28 |
| Quick Ratio | 2.09 | 2.09 | 2.04 | 2.46 | 2.54 | 2.85 | 5.32 | 2.31 | 3.28 |
| Cash Ratio | 1.73 | 1.73 | 1.65 | 2.08 | 2.11 | 2.40 | 4.87 | 1.94 | 2.89 |
| Asset Turnover | — | 0.40 | 0.38 | 0.36 | 0.32 | 0.24 | 0.22 | 0.44 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 82.32 | 77.27 | 79.74 | 80.96 | 89.15 | 89.66 | 86.22 | 113.72 |
FROG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JFrog Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.2% | 2.0% | 3.3% | 2.0% | 0.8% | 0.8% | 0.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $116M | $110M | $103M | $99M | $95M | $46M | $80M | $80M |
Peer Comparison
Compare FROG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FROGYou | $7B | -86.8 | — | 45.8 | 76.1% | -15.7% | -8.6% | -8.0% | — |
 HUBS | $12B | 273.4 | 66.6 | 17.1 | 83.8% | 0.4% | 2.3% | 0.4% | 2.8 |
 GTLB | $4B | -69.4 | — | 18.1 | 87.5% | -12.2% | -6.0% | -12.5% | — |
 DDOG | $47B | 479.0 | 612.9 | 46.7 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 |
 ESTC | $5B | -47.2 | — | 19.8 | 74.4% | -3.7% | -13.0% | -5.2% | — |
 TEAM | $23B | -90.6 | — | 16.5 | 82.8% | -2.5% | -21.6% | -110.3% | — |
 CFLT | $11B | -36.0 | — | 175.6 | 74.3% | -32.6% | -27.7% | -15.8% | — |
 DT | $11B | 24.0 | 46.2 | 26.4 | 81.2% | 10.6% | 20.9% | 9.0% | 0.3 |
 PD | $629M | 3.7 | 137.8 | 5.6 | 84.9% | 1.2% | 83.0% | 1.2% | 70.8 |
 MSFT | $3.1T | 30.3 | 19.4 | 42.9 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AMZN | $3.0T | 38.3 | 20.7 | 384.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonFROG — Frequently Asked Questions
Quick answers to the most common questions about buying FROG stock.
What is JFrog Ltd.'s P/E ratio?
JFrog Ltd.'s current P/E ratio is -86.8x. This places it at the 50th percentile of its historical range.
What is JFrog Ltd.'s ROE?
JFrog Ltd.'s return on equity (ROE) is -8.6%. The historical average is -9.4%.
Is FROG stock overvalued?
Based on historical data, JFrog Ltd. is trading at a P/E of -86.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are JFrog Ltd.'s profit margins?
JFrog Ltd. has 76.1% gross margin and -15.7% operating margin.